Where can first-time homebuyers catch a break?

Where can first-time homebuyers catch a break?

Where Can First-Time Homebuyers Catch A Break?

Although buyers at all levels are having a difficult time navigating affordability issues, first-time buyers seem to be hit the hardest. According to a recent study by Trulia Chief Economist Ralph McLaughlin, newbie homeowners are spending more than 40 percent of their income on a starter home -- 10 percentage points above the recommended maximum of 30 percent.

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